Highest prices ever - Historic top of the market prices are realized at auctions. Very competitive bidding from aggressive buyers.

An auction is an event - People win at auctions, not just make offers.

Urgency is projected - Specific date of sale means a buyer must react now.

Seller is in control - Sellers set the time and terms, specific date, specific conditions.

As-Is, Where-Is - This is how auctions work. Disclose and sell now.

No contingencies - The only contingency is clear title. Simple and easy.

Quick cash closing - Usually 30-45 days after the auction, or less. All cash.

Qualified buyers - Buyers are qualified with cash or bank approval.

More confident buyers - Auction buyers know they only paid one bid more.

Lower cost to seller - Buyers can pay closing costs, including commission.

Control timing

Possible more 1031-Exchange attraction

Seller negotiates price throughout

No advertising expense

More confidential

Some buyers prefer buying from privately listed properties

Possibly more tenant protection